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3499 SW 1st Ave Miami, FL 33145
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Key Details
Sold Price $870,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,498 sqft
Price per Sqft $348
Subdivision East Shenandoah
MLS Listing ID A11657253
Sold Date 11/06/24
Construction Status Resale
HOA Y/N No
Year Built 1940
Annual Tax Amount $10,165
Tax Year 2023
Contingent No Contingencies
Property Description
2 Detached Buildings in The Roads area (one behind the other)! Keep as rentals with $7,500 monthly income until you're ready to build (2) Luxury Townhomes. Recent comps for townhomes are $2 million each! The numbers work! Sell out is almost 4X the purchase price! The property boasts a detached 2 bed/2 bath back house with a private backyard, offering potential for expansion & market rental income of $3,500/month. The front house features a 2 bed/1 bath main unit plus an attached 1 bed/1 bath studio, currently rented for $2,700 & $1,300 respectively. Both units have updated bathrooms, soundproof windows/doors & hurricane-proofing. Separate electric & water meters. Located near major highways & prestigious neighborhoods like Vizcaya, Coconut Grove & Brickell.
Location
State FL
County Miami-dade
Community East Shenandoah
Area 41
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Barrel
Total Parking Spaces 5
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 01-41-39-007-0200
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash
Special Listing Condition Listed As-Is
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Bought with Keller Williams Capital Realty